US Life Insurance Model Manager

1 day ago


Bhavnagar, Gujarat, India beBeeActuary Full time ₹ 15,00,000 - ₹ 25,00,000

About this Role

We're seeking an experienced Group Manager to lead and deliver quarterly model updates for our AXIS platform. The ideal candidate will have a strong understanding of US Life insurance and Variable Annuity products, as well as technical knowledge of US STAT/GAAP regulations.

Main Responsibilities

  • Lead and deliver quarterly model changes, including Assumption Updates and New business setup.
  • Perform independent testing and impact quantification and justification.
  • Maintain detailed documentation and communication regarding model changes with wider teams.
  • Review work done by junior members, ensuring quality of work product during time sensitive deadlines.
  • Maintain strong relationships with stakeholders/clients.

Requirements

  • Bachelor's degree in actuarial science/math/stats/engineering/computer or equivalent quantitative discipline.
  • Total 8-10 years of experience in US life insurance with minimum 4-6 years of life/Annuity actuarial modeling in AXIS.
  • Excellent knowledge of US Life insurance and specifically Variable Annuity products (Fixed Indexed Annuity, Guaranteed Minimum Income/Death/Withdrawal benefits, Indexed Linked Annuities, Group Annuities, Payouts).
  • Expertise in Actuarial modeling - AXIS (such as handling scenarios, Formula tables, application of overrides, awareness of significant switches in reserving assumption sets).

Key Skills

  • Good working knowledge of relevant actuarial concepts and methodologies.
  • Strong analytical ability and ability to drive process and analytical improvement initiatives within the team.
  • Excellent communication, execution and people management skills.


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